Current Issues

We serve as the industry’s voice before multilateral agencies, export credit agencies, finance ministries, central banks and legislative bodies. We collaborate around the world with other industry groups and trade associations. As a member of BAFT, we represent you in continually striving to:

  • develop international standards such as the “Master Participation Agreement” for trade risk
  • support the “national treatment” of financial firms in the markets where they do business
  • promote the harmonization of financial services regulation and supervision between countries
  • coordinate with private and public sector stakeholders to ensure that governments, multilateral agencies, and leading policymakers around the globe have substantive feedback and reliable data on market dislocations and industry trends
  • Advocate for the positive consideration of trade finance and transaction banking under the Basel capital and liquidity framework
  • Use common Trade Finance Definitions to standardize industry/regulatory terminology and facilitate prioritization of trade risk in sovereign events
  • Ensure the continuation of benefits afforded companies via ECA financing

Policy News

BAFT-IFSA Applauds European Recognition of Trade Finance in Basel III Implementation, Urges Global Harmonization

by Tod Burwell, President and CEO, BAFT-IFSA | Apr 16, 2013
“We commend the European Union for recognizing how important trade finance is to economic growth in their adoption of the Capital Requirements Directive IV, implementing Basel III in the EU. Amendments agreed by the EU institutions on capital, leverage and liquidity requirements for trade finance recognize the intrinsically safe nature of these products and their importance to companies, consumers and job creation.

          “Through these amendments, the European Union has taken significant steps to alleviate the regulatory burden for trade finance and to ensure it remains available and affordable to importers and exporters. This is a positive outcome for the real economy, and we ask the G-20 and the Basel Committee to recommend that these Basel III changes be adopted in all member jurisdictions around the world.

          “We will continue to work with the business community and other financial industry groups to encourage regulators to harmonize these sensible, pro-growth changes during the global implementation process.”

Click here to read a one-page summary of these amendments.